MEP Infrastructure Developers Limited

MEP Infrastructure Developers Limited

MEP.BO
MEP Infrastructure Developers LimitedIN flagBombay Stock Exchange
0.69
INR
-0.01
- -
124.74MMarket Cap
MEP Infrastructure Developers Limited
MEP.BO
(Bombay Stock Exchange)

Recent

price

0.69

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
TTM
FRC
183.12
120.18
106.36
142.83
153.59
112.1
61.23
52.73
13.33
- -
3.98
Revenue per Share
-10.51
-2.31
6.7
4.37
3.07
-4.21
-4.18
-12.02
-11.78
- -
-46.52
Basic EPS, GAAP
22.63
24.48
29.05
19.61
27.46
40.56
28.26
15.43
20.24
- -
- -
Free Cash Flow per Basic Share
- -
0.12
0.2
0.15
0.3
0.3
- -
- -
- -
- -
- -
Dividend per Share
10.16
-10.5
-16.96
-12.79
-7.53
-12.12
-16.3
-28.22
-48.71
- -
10.13
Book Value per Share
-395.35
-229.58
-148.97
-143.1
-94.31
-64.02
-58.67
-64.87
-26.86
- -
-73.69
Tangible Book Value per Share
110
159
163
163
183
183
183
183
183
- -
184
Basic Weighted Avg Shares
20,088
19,052
17,291
23,220
28,149
20,564
11,232
9,674
2,446
732
732
Sales/Revenue/Turnover
13.22
27.22
25.18
20.74
18.65
2.15
30.31
26.59
-80.62
-919.5
-919.5
Operating Margin (%)
1,799
10,122
8,680
4,189
4,940
3,924
2,528
2,560
1,976
1,801
37
Depreciation Expense
-1,153
-366
1,089
710
563
-772
-766
-2,206
-2,161
-8,552
-8,552
Net Income, GAAP
- -
- -
36.74
35.05
41.08
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
-5.74
-1.92
6.3
3.06
2
-3.75
-6.82
-22.8
-88.37
-1,168.87
-1,168.87
Profit Margin (%)
-11,092
-14,909
-7,374
-7,649
-4,876
-5,728
-7,582
-14,010
-6,538
-14,757
-14,757
Working Capital
29,351
26,387
25,149
25,212
21,435
17,139
15,973
10,352
558
- -
- -
LT Debt
-3,789
-1,124
-79
598
2,654
1,943
1,174
-1,062
-4,666
-13,386
-13,386
Total Equity
- -
- -
9.61
10.32
10.07
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
15.27
13.39
11.85
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-108.49
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'24
Dec'24
Mar'24
ST Debt
3,548
- -
3,306
LT Borrowings
369
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
186
- -
186
Market Capitalization
2,189
2,840
2,098

Working Capital

FRC

in mil. unless spec.
Sep'24
Dec'24
Mar'24
Total Current Assets
29,780
- -
20,891
Cash, Cash Equivalents & STI
5,483
- -
2,551
Accounts Receivable, Net
222
- -
1
Inventories
37
- -
16
Total Current Liabilities
35,642
- -
35,648
Payables & Accruals
- -
- -
- -
ST Debt
3,548
- -
3,306
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
53.84%
186.87%
Free Cash Flow
- -
7.64%
34.93%
Net Income, GAAP
- -
48.72%
295.72%
Sales/Revenue/Turnover
- -
-46.2%
-70.08%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
2,768
2,171
2,397
2,338
9,674
2023
1,503
811
25
107
2,446
2024
63
134
186
348
732

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
0.28
-2.88
-0.69
- -
-12.02
2023
-3.49
-2.47
-2.82
- -
-11.78
2024
-2.27
-2.81
-6.29
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
Business
MEP Infrastructure Developers Limited engages primarily in integrated road infrastructure development in India, focusing on construction, operation, and maintenance of toll roads, highways, and bridges. The company offers a range of core products and services including toll collection, operate-maintain-transfer (OMT) contracts, build-operate-transfer (BOT) projects, engineering, procurement and construction (EPC) services, and road maintenance. It operates across multiple Indian states, including Maharashtra, Rajasthan, and Madhya Pradesh, managing a portfolio with over 222 toll plazas and 1,393 lanes across 15 states. The company also undertakes hybrid annuity model (HAM) road projects. MEP Infrastructure additionally provides ancillary services such as electronic toll collection systems and infrastructure leasing through its subsidiaries, including MEP Highway Solutions Private Limited. Founded in 2002 and headquartered in Mumbai, India, MEP Infrastructure Developers Limited is a listed company on Indian stock exchanges (Ticker: MEP.BO). Recently, the company has been undergoing the Corporate Insolvency Resolution Process (CIRP) following a National Company Law Tribunal (NCLT) order in March 2024 due to financial distress linked to outstanding dues. Despite these challenges, MEP Infrastructure has actively pursued strategic initiatives, including securing new toll collection contracts and signing Letters of Acceptance for road projects in Rajasthan through RIDCOR Infra Projects Limited in 2023. The company has also been involved in joint ventures and partnerships to undertake multiple road widening and hybrid annuity projects, reflecting a focus on expanding its project portfolio amid restructuring. Recent operational developments include the submission of a resolution plan to the NCLT in 2025 as part of the insolvency proceedings, ongoing payments restructuring, and maintaining multiple infrastructure projects under the toll management and road construction segments. The company’s continuous execution of long-term contracts with both central and state governments underscores its role as a key player in India's road infrastructure sector, offering comprehensive infrastructure development and toll management services across a broad geographic footprint. In summary, MEP Infrastructure Developers Limited is a comprehensive road infrastructure developer in India specializing in toll road management, EPC contracts, hybrid annuity projects, and road maintenance with recent strategic movements involving insolvency resolution proceedings and ongoing project acquisitions and partnerships to sustain operations and growth. This description integrates the company’s main products and services alongside major recent changes focused on financial restructuring, project acquisitions, and operational expansions.